Neo Lithium Corp. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Neo Lithium Corp (TSX-V:NLC) said it has completed its previously announced plan of arrangement with Zijin Mining Group Co., under which Zijin acquired all its outstanding and issued shares for $6.50 each in cash.  The company said it has received all required regulatory approvals for the plan of arrangement, which also included 2872122 Ontario Limited, a wholly-owned subsidiary of Zijin.

Neo Lithium Corp (TSX-V:NLC) has told investors that its wholly-owned subsidiary, LIEX SA, has received a ‘Declaracion de Impacto Ambiental' (DIA) from the Environmental and Mining Authority in Argentina's Catamarca province. The company said the issuance of the DIA satisfies one of the final conditions needed under a proposed takeover offer by China's Zijin Mining Group Co, other than conditions that can only be satisfied at the effective time of the transaction.

Lithium prices were up again the past month. Lithium market news - BMI- Lithium demand is growing at 3x the rate of supply growth. Demand is expected to outstrip metal production for at least the next five years.

Lithium prices were up strongly again the past month. BMI - Lithium prices may head to US$40,000/t in China. Lithium market news - Demand for lithium is outstripping the rate supply is growing by double. Rio Tinto says 60 Jadar mines wouldn't fill looming lithium gap.

Neo Lithium Corp has unveiled a positive definitive feasibility study on the production of lithium carbonate from its 3Q project in Argentina, which showed an after-tax net present value (NPV) of US$1.129 billion, along with low pre-production capital and operating costs. As reported on October 11 this year, Neo Lithium struck a deal with Chinese mining titan Zijin Mining Group, which will see the latter buy the firm and the project for a total of US$960 million.

A proposed buyout has been announced. We break down what this means in plain English. Is a potential bidding war in the works?

Neo Lithium Corp told investors that it has entered into a definitive agreement which will see Zijin Mining Group Co. acquire all the company's outstanding stock for $6.50 per share in cash, or a total of $960 million.

Best in class lithium project in Argentina Very strong strategic partner in CATL Pilot plant now producing 99.9% purity battery-grade lithium carbonate What Neo Lithium Corp does: Neo Lithium Corp (CVE:NLC) is focused on the green energy revolution and addressing the growing demand for lithium generated by the growth in the electric vehicle (EV) market and, more generally, new generation batteries. The mining company is led by experienced mining professionals from Argentina as well as from the wider international mining community, who have particular expertise in lithium brines, which are known as salars in South America.

CATL is on course to raise 9 billion to expand lithium battery cell production.

(Kitco News) - On Thursday, Neo Lithium (TSXV:NLC) announced that the company produced highest battery grade lithium carbonate to date at its 3Q project in Argentina with 99.9% purity.